{
  "ticker": {
    "uuid": "966a1a7d-9ee7-4af1-b3cc-d2a2cf4629de",
    "symbol": "XDEE",
    "name": "Xtrackers S&P 500 Equal Weight UCITS ETF 2C EUR Hedged",
    "exchange": "GER",
    "country": "DE",
    "assetType": "etf"
  },
  "methodBoundary": "Trend Architecture is a weekly structural classification, not a forecast, probability of return, recommendation or execution signal. Confidence measures geometric agreement and external confirmation only.",
  "analysis": {
    "eligible": true,
    "as_of": "2026-08-07",
    "benchmark": "^GDAXI",
    "stage": 2,
    "stage_name": "Advancing",
    "phase": "2b",
    "phase_label": "Stage 2B \u00b7 Advancing",
    "transition": "stage_2_healthy",
    "transition_label": "Stage 2 trend intact",
    "confidence": 96.0,
    "architecture_regime": "upward_expansion",
    "architecture_regime_label": "Upward Expansion",
    "architecture_modifier": "Established expansion",
    "architecture_gate": "up",
    "architecture_direction": 86.717,
    "architecture_energy": 70.915,
    "architecture_maturity": 42.956,
    "architecture_confidence": 84.104,
    "architecture_tenure": "Established",
    "architecture": {
      "interpretation": {
        "headline": "The weekly architecture is expanding upward.",
        "body": "Trend and Activity show sustained positive alignment with constructive price acceptance. Directional energy remains positive; cooling within this regime can indicate that it is maturing."
      },
      "scores": {
        "balance": 4.03,
        "rotation_up": 67.3,
        "upward_expansion": 87.67,
        "deceleration": 57.19,
        "rotation_down": 23.29,
        "downward_expansion": 12.0
      },
      "activity_lines": [
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        11.795394
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      "activity_state": "Wide",
      "activity_direction": "Contracting",
      "rotation_direction": "Weakening",
      "price_acceptance": 0.833333
    },
    "latest_close": 12.46,
    "trend_reference": 11.6078,
    "distance_from_trend": 0.073416,
    "trend_direction": "Improving",
    "fair_value": 10.181854,
    "distance_from_fair_value": 0.223746,
    "fair_value_direction": "Improving",
    "relative_strength": 2.216906,
    "relative_strength_direction": "Weakening",
    "price_momentum": 0.08726,
    "excess_performance": 0.02262,
    "evidence": [
      {
        "label": "Price vs Trend",
        "positive": true,
        "value": 0.073416,
        "read": "Above"
      },
      {
        "label": "Trend direction",
        "positive": true,
        "value": 0.036201,
        "read": "Rising"
      },
      {
        "label": "Price vs current Fair Value",
        "positive": true,
        "value": 0.223746,
        "read": "Premium"
      },
      {
        "label": "Fair Value direction",
        "positive": true,
        "value": 0.055997,
        "read": "Closing upward"
      },
      {
        "label": "Relative Strength vs benchmark",
        "positive": true,
        "value": 0.022169,
        "read": "Leading"
      },
      {
        "label": "Relative strength direction",
        "positive": false,
        "value": -0.02951,
        "read": "Weakening"
      },
      {
        "label": "Price momentum",
        "positive": true,
        "value": 0.08726,
        "read": "Positive"
      },
      {
        "label": "Volume balance",
        "positive": true,
        "value": 2.41076,
        "read": "Demand-led"
      }
    ],
    "volume": {
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      "relative_activity": 0.876028,
      "balance": 2.41076,
      "dry_up": 0.952901,
      "accumulation_observations": 2,
      "distribution_observations": 2
    },
    "risk": {
      "range_context": 0.016582,
      "annualized_volatility": 0.10158,
      "from_high_reference": -0.005745,
      "from_low_reference": 0.200848
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    "levels": {
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      "fair_value_reference": 10.181854,
      "structural_low": 10.702,
      "invalidation": "A sustained loss of Trend, followed by flattening structure and weakening relative strength, challenges the advancing diagnosis."
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    "outcomes": [
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        "horizon": "Near term",
        "sample_count": 24,
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        "positive_rate": 0.625,
        "directional_follow_through": 0.625,
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        "worst_return": -0.051055,
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      },
      {
        "horizon": "Intermediate",
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        "horizon": "Extended",
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        "horizon": "Full cycle",
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      },
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        "date": "2026-06-26",
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      },
      {
        "date": "2026-07-03",
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      },
      {
        "date": "2026-07-10",
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        "relative_strength": 5.344385,
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        "modifier": "Re-accelerating",
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        "energy": 85.661763,
        "activity_lines": [
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      },
      {
        "date": "2026-07-17",
        "close": 12.146,
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        "typical_volume": 656968.9,
        "trend": 11.489467,
        "fair_value": 10.116988,
        "relative_strength": 6.121482,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 69.725003,
        "energy": 86.096505,
        "activity_lines": [
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      },
      {
        "date": "2026-07-24",
        "close": 12.144,
        "volume": 360147,
        "typical_volume": 609974.3,
        "trend": 11.527667,
        "fair_value": 10.137245,
        "relative_strength": 4.786933,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 65.803215,
        "energy": 80.214418,
        "activity_lines": [
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      },
      {
        "date": "2026-07-31",
        "close": 12.152,
        "volume": 792476,
        "typical_volume": 590266.65,
        "trend": 11.567133,
        "fair_value": 10.158251,
        "relative_strength": 2.547079,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Re-accelerating",
        "gate": "up",
        "direction": 66.0055,
        "energy": 62.157954,
        "activity_lines": [
          12.150267,
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          11.737789
        ]
      },
      {
        "date": "2026-08-07",
        "close": 12.46,
        "volume": 499261,
        "typical_volume": 569914.55,
        "trend": 11.6078,
        "fair_value": 10.181854,
        "relative_strength": 2.216906,
        "stage": 2,
        "regime": "upward_expansion",
        "modifier": "Established expansion",
        "gate": "up",
        "direction": 86.717203,
        "energy": 70.914591,
        "activity_lines": [
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      }
    ],
    "method": {
      "price_basis": "completed market observations",
      "trend": "Trend provides the primary directional reference.",
      "fair_value": "Fair Value provides long-term price context and is not a forecast or target.",
      "relative_strength": "Relative Strength shows leadership or lagging performance against the market benchmark.",
      "classification": "The SM framework combines Trend, Activity, Fair Value, Relative Strength and participation into a structural read."
    }
  }
}